Actua is a free AI-powered actuarial calculator and exam prep tool. It uses Python + SymPy to execute calculations deterministically, ensuring every result is verified and reproducible. It covers SOA exams (P, FM, FAM, LTAM, STAM, SRM, PA), IFoA exams (CM1, CM2, CS1, CS2), IFRS 17, Solvency II, loss reserving, life insurance, pensions, and risk management.

Is Actua free to use?

Yes. Actua offers 5 free queries per day with no sign-up required, covering all 13 actuarial topic areas with KaTeX math rendering. The Pro plan ($29/month) unlocks unlimited queries, step-by-step LaTeX derivations, Python execution engine, Excel upload and export, handwriting OCR exam grading, and persistent cloud history.

Which actuarial exams does Actua cover?

Actua covers all major actuarial exam syllabi: SOA Exam P (Probability), FM (Financial Mathematics), FAM (Fundamentals of Actuarial Mathematics), LTAM (Long-Term Actuarial Mathematics), STAM (Short-Term Actuarial Mathematics), SRM (Statistics for Risk Modeling), and PA (Predictive Analytics). It also covers IFoA exams CM1, CM2, CS1, and CS2.

How does Actua verify its calculations?

Actua uses a neurosymbolic approach: the AI interprets your question and generates a Python script using SymPy or NumPy. This script is executed server-side to produce the result. The AI never performs arithmetic — only the deterministic computation engine does. Every answer includes the full audit trail: LaTeX derivation, Python code, and assumptions.

Can I upload Excel files to Actua?

Yes. Pro users can upload loss triangles, mortality tables, premium data, and any actuarial spreadsheet (.xlsx, .xls, .csv). Actua automatically detects the data type (loss triangle, mortality table, IFRS 17 data, etc.) and suggests relevant analyses. You can also export calculation results as audit-ready Excel workbooks with live formulas.

Does Actua support handwriting recognition for exam solutions?

Yes. Pro users can photograph handwritten actuarial exam solutions. Actua uses computer vision (Gemini Vision API) to extract the work into LaTeX, grade it line by line, identify errors with corrections, and provide a score out of 10. It supports SOA, CAS, and IFoA exam formats.

Actuarial Exam Preparation

Free AI-Powered Actuarial Exam Prep

Actua helps you prepare for every SOA and IFoA actuarial exam with AI that executes real math — not approximations. Ask any exam question, get step-by-step verified derivations, upload handwritten solutions for AI grading, and practice with topic-specific problem sets.

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SOA Exam Coverage

Exam P — Probability

Random variables, distributions, joint densities, conditional probability, moment generating functions, order statistics

Exam FM — Financial Mathematics

Time value of money, annuities, bonds, loans, immunization, yield curves, interest rate swaps

FAM

Exam FAM — Fundamentals of Actuarial Mathematics

Credibility theory, short-term & long-term models, insurance product design, pricing fundamentals

LTAM

Exam LTAM — Long-Term Actuarial Mathematics

Life contingencies, net premiums, reserves, multiple life models, pension valuation, multi-state models

STAM

Exam STAM — Short-Term Actuarial Mathematics

Frequency-severity models, loss distributions, credibility, ratemaking, chain ladder, Bornhuetter-Ferguson

SRM

Exam SRM — Statistics for Risk Modeling

GLMs, time series, principal components, decision trees, clustering, bias-variance tradeoff

Exam PA — Predictive Analytics

Model selection, cross-validation, communication of results, R programming, business context

IFoA Exam Coverage

CM1 — Actuarial Mathematics

Life contingencies, annuities, assurances, joint life models

CM2 — Financial Engineering

Stochastic models, Black-Scholes, binomial trees, efficient markets

CS1 — Actuarial Statistics

Probability distributions, hypothesis testing, linear models, Bayesian methods

CS2 — Risk Modelling

Survival models, graduation, Markov chains, run-off triangles

How Actua Helps You Study

Unlike flashcard apps or static textbooks, Actua is an interactive AI tutor that solves problems in real time. Type any exam question and get a complete, verified solution with every step shown in LaTeX notation. The calculations are executed by Python + SymPy — meaning every result is deterministic and reproducible, not a language model guess.

Step-by-Step mode breaks down every derivation into individual steps with full mathematical notation, perfect for understanding the methodology behind each formula.

Exam mode uses Socratic tutoring — instead of giving you the answer directly, it guides you through the problem with hints and questions, simulating exam conditions.

Handwriting OCR lets you photograph your written solutions. The AI extracts your work, grades it line by line, identifies errors, and shows the correct approach — like having a tutor review your practice papers.

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5 free questions per day. No sign-up required.

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